The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - Carney, Tariffs, The Coming Election and What Does Canada Deserve? | The CBP 207 Pt .2 (Bitcoin Podcast)

Episode Date: March 19, 2025

FRIENDS AND ENEMIESIs the EU looking to steal private savings? What did Mark Carney do with his first few days as PM, and is Cantor Fitzgerald making a multi-billion dollar bitcoin bet?Let's dig in.___________Join us for some QUALITY Bitcoin and economics talk, with a Canadian focus, every Monday at 7 PM EST. From a couple of Canucks who like to talk about how Bitcoin will impact Canada. As always, none of the info is financial advice. Website: ⁠www.CanadianBitcoiners.com⁠Discord:   / discord   A part of the CBP Media Network: ⁠www.twitter.com/CBPMediaNetworkThis show is sponsored by: easyDNS - ⁠⁠www.easydns.com⁠⁠ EasyDNS is the best spot for Anycast DNS, domain name registrations, web and email services. They are fast, reliable and privacy focused. You can even pay for your services with Bitcoin! Apply coupon code 'CBPMEDIA' for 50% off initial purchase Bull Bitcoin - ⁠⁠https://mission.bullbitcoin.com/cbp⁠⁠ The CBP recommends Bull Bitcoin for all your BTC needs. There's never been a quicker, simpler, way to acquire Bitcoin. Use the link above for $20 bones, and take advantage of all Bull Bitcoin has to offer.

42.11 is going to be a record. Where do you want to start here? Okay, let's quickly do the Somalia story because apparently that's a USAID thing, and I want to debunk that. Sure. Or somebody debunked it. I just want to- This is the percentage of GDP, that thing? And it's bullshit. That's totally bullshit because apparently- I think the number, okay, can I just say that the story is that USAID made up 40% of Somalian GDP.

Yes. I don't think that's true. I think USAID, if you give it the most generous interpretation, I think you could say USAID is contributing to 40% of the basket somehow or some way. But you're right. I don't think the story as being phrased is true. It can't be. Somalia is like, okay, first it's a, has been considered a failed state. It's been... It is a failed state. It's been a failed state for 50 years. Has been considered a failed state. It's it's been it is a failed state. It's been a failed state for 50 years not Anyways, yeah

I'm thinking about when I was in university We used to talk about a few different failed states, right? Like there's always the the Fiji Mauritius Example Somalia was another one we talked about there was a few others over the course of the four years I spent doing poli sci and I you think... The Bobway maybe came tomorrow? Sure. That's probably up there. But how many... I think that's safe to say a failed state.

Maybe the length of time is a challenge. They're number one in piracy, right? These are the guys... If I think of pirates, it's either... I'm a captain now, right? The pirates of the Meridian, these guys, they're kicking ass over there. They... It's 40% of their foreign aid comes from USAID. Okay.

So it's the foreign aid. That's a heck of a lot, by the way. So the United States, just one section of the government is providing 40%, but it's not the GDP. It's that. So people are,%. But it's not the GDP. It's that. So people are, we're saying it's the GDP. I don't think it's even, it's very, it's extremely hard to figure out what the GDP is over there, given how much, you know, USDT is probably being used and cash and so forth.

I'll just, I'll just piggyback off Boomer's comment. You know, if they, we have to see if they include golden diamond encrusted machine guns in the GDP number. If they do, then that's a G7 nation probably. And another thing I just want to bring up quickly, a lot of people are getting swatted. I'm not sure if you saw this. I don't know what's the genesis from all this, because I'm kind of confused. I'm trying to find a commonality between everybody, but apparently a lot of people are getting swatted on- Swatting is despicable behavior. You should be punished. I'm talking 10, 15 years in jail because the way that police forces seem to have a difficult

time navigating some of these high intensity situations, and especially in America where a lot of households are armed. The potential for bloodshed incorrectly happening at one of these instances is very high and no one should be subjected to that. The people being swatted or the police is traumatic for all parties especially after you find out that it was the wrong house or you were fooled or whatever. It should be punishable by like 15 years in jail I think. That should be punishable by like 15 years in jail, I think that's like the, that should be the minimum.

You're putting so many lives at risk. You're risking the legitimacy of the department. You're risking all sorts of stuff. And I think it's completely unforgivable. How about a Salvadorian jail 15 years in the Salvadorian jail? Yeah, let's do it. That's a huge deterrent. Not to say that it's pumped right over there.

For the rest of your life. Yeah. So Canada officially has a new prime minister. Do we have one last week? Was it we didn't yet? He's now we're sworn in on he's sworn in on Thursday, right? Thursday, Friday. So, oh, yeah. So there we go.

So this is the first show we have that we have. Post Trudeau Trudeau is no longer our prime minister. It's now Marc Jay Carney. And yeah, we could talk about him for a while. Any first thoughts before we really go into this? Because illegitimate, illegitimate prime minister, I would say, will be my first thought. Why? Is that because the fact that he has not gone through a general election

to be elected prime minister? It's not just that it's that he's globetrotting and not calling an election first. Um, you don't have to have the election before you go to Europe, but you sure should have called it for sure. I think that's fair to say, um, refuses to disclose to the media what assets are being held in his blind trust, even getting testy today with Rosie Barton. I'm gonna pull this up because I think it's worth listening to. It's a very, very short clip. Rosie Barton, we've been critical of Rosie Barton, maybe me more than you Len, over the last few

years because she really is the mascot for the slanted CBC. She was visibly upset when Ford was dominating the provincial election here in Ontario a few weeks ago. She's been visibly upset when Ford was dominating the provincial election here in Ontario a few weeks ago. She's been visibly upset talking about the rise of conservative ideologies in Canada over the last little while. And this is really an incredible clip that is just, it's hard to believe that the sitting prime minister has so little in terms of competency in front of a microphone and has done so little in terms of preparation for what should have been an obvious question, it really tells you all you need to know about Mr. Carney in my opinion. And I

think people should watch this clip and they should share it widely and they should be critical of the response. Let's listen in here. I'm complying with the rules in advance. I'm fine with that. Yes. Yes. Yes. Yes. Yes. Yes.

Yes. Look inside yourself, Rosemary. I mean, you start from a prior of conflict and ill will. I have served in the private sector. I have stood up for Canada. I have left my roles in the private sector at a time of crisis for our country.

I'm complying with all the rules. Your line of questioning is trying to invent new rules. I'm complying with the rules that the Parliament has laid out and the responsibility of the Ethics Commissioner. And I will continue to comply with those rules. So I'll put the link to the video in the chat. I realize it's hard to hear Rosie Barton because, as you can imagine, they're trying to pull the mic from her. He answered the question in French first. No, no, no.

The question was first done by the Globe and Mail reporter and you could hear her loud and clear. So that person had the mic and then- That was a different question. Right. I didn't even pull up the Globe and Mail question, but the Globe and Mail question is even better. You keep on talking about, because she doesn't ask

directly about conflict of interest, the Globe reporter. What she asks is, your assets are in a blind trust now, which means you don't know what they are going forward, but you did know what they were going in. What were they? He refuses to answer. But thankfully, Len, we have guys like Sam Cooper doing work on what they are. And on Zero Hedge today, Sam Cooper was featured an article that details all the investments

and ties between Brookfield Asset Management and guess which global superpower? United States? China. Oh. And you know, it's not just him. They moved to the US by the way. Yeah, they did move to the US. Although they've still, they delayed their reporting recently so that, you know, they didn't have to disclose that during the election cycle. Look, you could say whatever you want about Carney as a politician, as a central banker,

as a man, you know, obviously stories about his child coming out today. I think that's another signpost that you have to pay attention to if you're a Canadian. Is it fair to attack a child? No, but it is 100% fair to attack the parenting style. And I think that's for sure in the cards for him during any debate, whether it's brought up on stage or just talked about on the periphery, it is 100% fair. You can comment on any of these things. And you may be right or wrong to say, like I said earlier, that I think it's illegitimate what he's done in the first few days of his prime ministerial run, whatever you want to call it, globetrotting to Europe. two unelected bureaucrats, one named Mark Carney, one named Ursula Vanderlain, meeting with each other and talking

about how great things are gonna be between two countries, neither, or between the two powers, you know, the European Union and Canada, neither of you were elected by your populations. Both of you appointed through, I would say, less than democratic processes. That's my opinion. You can, you can comment on all these things, but the thing that needs to be discussed, okay, and we said this last week on the show, I'm gonna say it again now. What do Mark and Diana Carney have in their portfolio? How much of it is related to climate change extremism? How much of it is in China? And how much of it do they owe in terms of the ease with which they acquired those assets? How much, how much of it is in China, and how much of it do they owe in terms

of the ease with which they acquired those assets, how many favors do they owe to the Chinese government? Minister Champagne, same thing. He's got a couple mortgages with the Chinese bank as well. That story came out a few years ago. I've not seen a resolution to that story, but the total is a couple million bucks. These things, they add up over time. And again, for a guy who's talking about transparency and a guy who's talking the total is a couple of million bucks. These things, they add up over time. Again, for a guy who's talking about transparency and a guy who's talking about change and a guy who's talking about a way forward, all I see is more of the same.

He needs to discuss where the assets came from, what they are. He needs to talk about the Brookfield link to China. He needs to talk about why he moved Brookfield to the United States. He needs to answer for these things. No, it's understandably why he moved to the United States. I think this has been disclosed. Everybody's aware. It's because that makes sense. He needs to discuss it. He's the one who needs to talk about it because he's the guy who's got pictures with Trudeau at the diner talking economic policy. He's the guy who's got pictures with Trudeau at the diner talking economic policy. He's the guy

who supported that government when they were making decisions about how to navigate the pandemic, how to navigate all these different crises we've seen over the last five or 10 years. Last economic update, I could be wrong, but was he involved? And I think he was. Probably. Probably. No, I think that's what it was. Because the way I understand it to be is that he was. Probably, probably. No, I think that's what it was. Yeah. Because the way I understand it to be is that he was involved with help drafting it and help at least create that document.

And then it was also. Uh-oh. It was just the perfect opportunity, right? Like he was involved with it and he's gonna be presenting and all this, but just he was there. He was part and parcel of it all. The guy has made a lot of money. He's worked for a number of years. There's no reason he shouldn't be rich. There's no reason he shouldn't be rich. Two banks of Canada,

two central bank appointments, Brookfield, Goldman like rich is the, is the table stakes here for him. So Canada and, uh, bank of England, how many years in total, decent amount. He was making around 600,000, 700,000 pounds per year while working for the government, uh, bank of, um, of England governor, and that was 10 plus years ago. So you mean, but still you got still you got to add it all up. Does it make sense that he's worth this amount, whatever that number is, right? I just, I look at people when they may have a lot of money

and say, where did it come from? How did they make it? I want to have more disclosure, as you say, more transparency. And I'm kind of questioning as to like, how it is to get this. Let your mic cut out a little bit there, like a minute ago and boomers in the chat asking if you're talking about the Clintons. As soon as you started talking, it just went a little fuzzy

for like five seconds. We'll never know what was said. We'll never know what was said. You got to be fucking kidding me. You're joking, right? It was only like five seconds. We caught the rest of it. It was about whether Carney was involved in the financial statement. That's fucking funny. Anyways. But it is, it's interesting. And I just want to point out one more thing. Okay? We're not talking small numbers here. The total investments that Brookfield has in China, they're enormous. It's Shanghai commercial property, 750 million. Shanghai office tower complex is 2 billion. That was only five years ago. Loan from the Bank of China, 276 million. That was

three months ago, four months ago. Shintiandi stake, 22% stake in something called Shuiyan Land, almost a billion, 2013. Solar projects, joint venture, 100 million a few years back. 2013, solar projects, joint venture, 100 million a few years back. And there's been a tax avoidance issue too through offshore structuring in 2021 to the tune of $6.5 billion. And so you got to ask yourself, like again, if I'm the Liberal Party of Canada, I have to pick a leader. Okay. So what are my options?

I can go with Freeland who arguably stood up to the big bad wolf during the last throws of his government and decided she wasn't going to play ball anymore. By all accounts, we discussed on this show received a standing ovation at the minister's meeting that night and they didn't go with her. They could have gone with Karina Gold. She's pretty young, inexperienced, I don't think extremely competent. Certainly not anything new in terms of policy, but a fresh face, arguably a little bit removed from the Trudeau government.

They could have gone with Baylis, businessman, doesn't seem to have a great deal of foreign adversarial potentially connections. Was a liberal enough that he can make the case he's a party member, but not so much that he's involved with the falling government? Or they could have gone with Carney, a guy who has pictures with Ghislaine Maxwell, has maybe or maybe not sent his kid overseas

to a controversial gender clinic in the UK, maybe or maybe doesn't have a couple of billion worth of conflicting assets under his name that are affiliated with Chinese companies, affiliated with the Chinese government. I don't know. Why pick that guy? And the answer is because you just can't help yourself. That's the kind of person you want that guy. You want the guy who's going to keep carrying this torch and the torch is environmental policy that's going to destroy the economy. The torch is unfettered immigration. I mean, he said as much, we can't afford to be anything but pro-immigration.

I strongly disagree with that. And I think 80% of Canadians disagree with that at this point. If that's the guy you want, fine. The problem I have now, Len, is that 338, the polling guys who got the provincial thing right and they've gotten stuff right in the past, I hate to say it, they got this at a dead heat pretty much with maybe even a liberal advantage. Polymarket, same thing. It's getting closer every day on Polymarket. He has history against him. I'm talking about Carney. If you look at somebody that has come in and appointed as leader and then prime minister without a general election, historically, they don't do well in the next election. Paul Martin was supposed to have a record win and he got a minority government. Kim Campbell was the one before that and while they only won two seats. Very unique case there, but yeah.

The one before that, John Turner, there was the Mulroney sweep. He just absolutely destroyed. So that's the last three. So to go back to one that has been successful, you have to go back to Pierre Elliott Trudeau. Back to 1968 was the last time you had a leader come in and get appointed as prime minister and then win the next election as like a majority. Pierre Elliott Trudeau, that's 1968. That's a very long time ago. Where do you put the likelihood? We'll take Pauli's question here. Do you think there's going to be a spring election?

Yeah, there has to be. Did you listen to Pauli this morning? I'll preface this with this comment that Pauli is saying like, we are less than a hundred days or 120 days from an election now. He's convinced they're going to get a spring summer. I know, but they keep saying it and I wonder if they're saying it to put pressure on because Carney on Twitter in his public appearances seems to be feeling no pressure to send Canadians to the ballot box. Mark Kerr, whatever the heck his name is, the guy from Kingston area. He was photoed this past week.

He posted on Twitter that it was the most pre-written long sign requests that he's received in since he ran. And so he's out there now canvassing pre-written. This past weekend, I think on Saturday, I had people at my door too. Yeah. Right. So they're out there, right? So something, they have to be in this mood anyways, because I'll say this too. Like the two conservative guys who came to my door asked if my wife and I were voting conservative. We said, like I said, yes. And they asked, we put a lawn sign up and I said, in this neighborhood, absolutely not. And they go, it's funny if everybody who said absolutely not in this neighborhood put one up, the neighborhood would feel a lot different. And I thought that was an interesting comment. He didn't have to

say that. Maybe he's not giving me the full truth there, but I wouldn't be surprised if there's a lot more closeted conservative voters because of this Trump stuff, right? It seems to be the topic du jour for a lot of people. And another thing that Carney has against him, he's an Anglophone. The last time Anglophone did well in Quebec because it's very hard to form government, especially majority government without winning Quebec. Harper did it in 2011, but it's very, very difficult. You have to buck the trend. It just doesn't happen because if you go back, who are the Anglophones that ran? Harper didn't do very well in Quebec.

Joe Clark didn't do very well in Quebec. Paul Martin didn't do all that well in Quebec without. So that was a sponsorship scandal. So we're talking now 40 plus years of history that you have to go back. And so being an Anglophone, it's a tough way to win, especially as a liberal leader, it's tough to win as an anglophone in Quebec yeah, and so he's gonna have to deal with that as well and 338 was talking about

When you mention it and 330 is showing that there the liberals are gonna actually do pretty decent in Atlantic, Canada I was saying last week they were gonna do not too well. Maybe it was wrong Maybe they're digging we'll get more seats than I thought. Also, they're going to get some seats between Manitoba and Alberta. I thought they were going to get shut out, but pretty sure he's saying the opposite. They'll get a handful, but a handful is better than nothing. I was saying, I don't know. So we'll just talk about a couple here. Federal voting intentions from Angus Reid. Angus Reid skews left and the sample you know as you could argue this is over sampling liberals but

it's not over sampling by much. Liberal Party of Canada 42% to 37 for the Conservatives. That's Angus Reid like I mentioned. We can see one here the 338 update from March 16th. That's today or yesterday. Liberal party of Canada, 150 seats to the conservatives, 149. See, he's in Montreal and he's vote for block before. Yeah. It's funny because Montreal typically is very red.

Even from abacus here, abacus is conservative or lean's conservative, like oversamples conservative. 38, 34, that's not as wide a margin as the liberals had in the liberal oversampling. You can go down the list here. The guy's name is Philippe Fournier. I want him to come on the show, though I'm not sure that he will given our, or at least my overt biases. Yeah, 338 Canada is the Twitter account. Lots of good data. And then the one we talked about, you know, a little bit offline, you, me and Mark, the polymarket one is, is crazy that it's this close. Like, I don't know what it is right now. Let's see.

Did you talk to any normies about Carney? They all like Carney. Everyone I know likes Carney. And is it because he, a bank of Canada connection bank? No, because they think he's better to handle Trump. It's truly like retard level commentary and in enormous circles. I hate to say it. I love all my friends, but they just don't get it. Mark Carney right now, next prime minister of Canada after the election, Pauliev 54,

Carney 47. That's including by the way, non-zeros for Freeland and Singh. So you got to figure Freeland and Singh's money is going into Carney's pot. Does that add another two points? Does that make it 49.51 or something? That's insane. That is insane that that's possible. And that's not a market like Mark pointed this out before the show. That's not a market that you care to manipulate because if Mark Carney wins, your stock portfolio doesn't go up. If Poliev wins, your stock portfolio doesn't go up. Nothing changes. We're so small, we're insignificant, we're a spec. But that market is telling me something there. That's people who want to make money on the result, not on tertiary or S&P futures. That's probably a

pretty honest betting market. So I don't know. That's interesting Normies are looking at poliev and saying that he is probably not gonna be the best guy to stand up against Trump and I Don't think poliev has done any himself any favors in the past Two months and change two years since this is something two years isn't that I think well He was doing the right thing for quite a while. Let's be perfectly honest. He was in the lead and it may be saying a lot about the opponent. That's always my stance. Yeah. It worked. And with respect to Pol... And I've said this before many moons ago about Poliev,

what could he bring to the table that's unique? He is working for his career, I think for his whole career in elected politics. Five terms he's on right now. And he's what, 42 or something like that? He's in between you and me, I'm pretty sure. Okay. So like that's a long time. That's most of his adult life. So what is he going to bring to the table that's different? And I've said this before, he grew up in this environment, I mean, as an adult, this is what he knows, this is what he breathes, this is what he lives. It's not like he's going to come up with any new ideas,

it's going to be rehashing the same old, same old. Not that that's bad, but it's still going to be the same old, same old. So it's not to say that you want to bring somebody new in, but you want to have some experience too, in a different realm. And you can bring that in and try to meld that into the world of politics and make things better overall. I think that's going to be working against him and the fact that he's been there, he's a queer politician. And I can't see that as

being like something that's helping them out. Maybe it's just me. I don't know. I think you're right. He's got to work it. His campaign It's just been so pissed poor since Carney took over We invited them to this show. He and I were close to getting them and then he no leadership I think we're closer than you do. No We invite it I I met his I went to Teehee's. Mm-hmm. I took the day off Yeah, went out to fucking Teehee's when he was there and I met with Poliev and his chief of staff. I said, you know, I'd love to have you on a show.

Okay. Well, I got his information, reached out to chief of staff. Boom. Said no. What else? He didn't say no. He said now things he said things have changed. I think like I said, he said, which by the way, is like a worse response.

And you know, to the credit of Carney,, Carney comes out right away and I don't know anything about the inner workings of that Trump-esque executive order that he signed. He just jots his name down, high fives a few people and people clap. Poliev today did almost a one hour long press conference, prepared remarks, English and French, took questions in front of a podium or behind a podium that had a sign on the front that said, ask the tax. The tax is no longer the issue man. The tax is secondary now.

The whole thing is, are you better to deal with Trump? And by the way, that's not what like thinking people don't care about that, in my opinion. Thinking people should care about expanding the economy, cutting taxes, making this a more business-friendly place. Carney, on the other hand, is talking about making this more cumbersome for new businesses, whether it's through taxes or through regulation or through dumb climate shit. It's going to make it less inviting and it's going to damage the Canadian economy further at a time when his former deputy deputy Bank of Canada chair, Tiff

MacLougham, now obviously the chair has said as much that you need to be productive, otherwise we're in big trouble. Doesn't seem like the message is landing. And instead, we're overseas talking with the Europeans, a currency zone that is quite literally tying the noose around their neck and trying to kick the chair off from underneath themselves every day. And that's who we're going to partner with, I guess. I don't know. It's fake that anyone... The fact that anyone believes this is so sad for the country, but it's where we are.

Did you see that link that was being floated around and it was the GDP per capita over the past 10 years. Yes. And if you look, yeah, well, interestingly enough, because one of the countries I saw in there, I don't want to say who I was shocked that they were on there, but Canada is, um, sitting around zero ish percent, but the other countries that were on there, joy, a lot of them that were double digits are in the EU. Yeah. So we can say what you want about them. And I know they have been doing a lot of a lot of favors. But in the numbers GDP per capita, which is a metric we talked about as

being like a metric of how well the country is doing per individual. Some of those European countries are doing decent, still below United States. United States is still the gold standard, but still, you know what I'm trying to say? It's decent. So I'm not trying to say anything. I don't think it's as bad as you make it out to me because just looking at that, I'm looking at okay.

All right. Yeah. I think it's pretty bad, to be honest with you. GDP per capita economic growth for 10 years. So over 10 years, if you get 4% GDP per capita growth, that's fucking terrible. If you get- So you're going to say it's just 20% and that's also good. 20%, yeah, but that includes the COVID years. That's pretty good. And then we should note

that that doesn't include the destruction that took place in the currency market for us. Like we're getting killed in currency. We're getting killed in trade. We're getting killed in productivity. And that also doesn't take into account that probably what you're going to see in the next few years is that number go down even more as productive people leave. If you keep tagging the country and the productive population

with more nonsense, eventually they will leave. Well, just ask. I mean, in the audience here, listening and watching, or actually people watching, I'd love to know how many people are actively trying to make arrangements to leave. Yeah. Be it six months, a year, five years, 10 years. But like, are you going through the motions? Since 2014, I'll pull a stat here from a guy named the Invested Capital. Since 2014, in business investment in Canada, collapsed by 20%. 20%. That's a lot. You know, and then I just want to add one more thing on the carbon tax. Like premium. We'll talk about that. It's not gloss over. Okay. Go ahead. We have to talk about this. Yeah. The carbon tax thing is nuts. He acts the tax and then the liberal party is dancing, what they think is dancing on the grave of the conservative party. Can you imagine if

your whole campaign was acts of tax and then the liberal just acts it for you? It's a brilliant move. It is if you're retarded. And if you're not retarded, you look at it and say, if you look at it and say, yeah, if you're not retarded, you look at it and say, I can't believe these people think that we forget that they did this. The thing that's going to hurt the most is on April 1st, the price of gas is going to drop by like 17 cents or 18 cents.

So you will have paid. This is like, again, the arse lured versus the thinking man. The thinking man looks at this and goes, I've been paying 17 more cents a liter for gas because these guys told me if I didn't pay that the world would burn. I know there was a guy literally like crashing out as the kids say in Parliament like what six months ago talking about if you go on a summer vacation the world's gonna set on fire. Like idiot. And like now this guy is canceling it. Jason Kenney made a great point. Did you know that in 2020 or 2019,

he sued the federal government to try and get rid of the carbon tax. And the Supreme Court sided with the feds, nine, six out of nine judges, that the carbon tax was necessary to quote, prevent irreparable harm and quote, critical to our response to an existential threat to human life in Canada and around the world. And now they cancel it. Now they cancel it. Yes. Like it is, it's bonkers. quote, critical to our response to an existential threat to human life in Canada and around the world.

And now they cancel it. Now they cancel it. Yes. Like it is, it's bonkers. And the worst part, the absolute worst part is that the same people who don't have time to sit around the table and talk about why their money isn't working and why inflation is killing them and why their house is worth so much, but they still have no money in the bank, those same people are not going to have the time to talk about how obviously scammy this behavior is from the Liberal Party and from Carney.

And instead, they're going to go, well, it sure is nice that I don't have to pay 17 more cents. Is it putting money in your pocket or is it not putting money in your pocket? Is it helping Canadians or is it not helping Canadians? Is the world going to burn or is it not going to burn? It depends what you read and who you listen to and when. For fuck's sake. So, last year, I can go back. July of last year, this is from Canada.ca website, the finance department. I got some information here.

They said, in provinces where federal fuel charges apply, a family of four will receive up to $1,800 under the base Canada carbon rebate. Sorry. This is from the ministry of finance. Yeah. Department of finance on Canada.C as of July of last year, a family of four will get $1,800. So now that $1,800, apparently there's one more check coming around and after a check, they're no longer going to get that. So either we're not going to get this money because we weren't paying into it or somehow we're either going to get more for not paying or we're just, I don't

know what the fuck. This is interesting. It's going to be hidden, right? This is the other, sorry, keep going, keep going. No more. October, I'm even going more recent, October of 2024. The federal government announced it will return 2.5 billion in carbon tax rebates to small businesses by December 2024. So small businesses were, if we believe this to be revenue neutral in a way that or at least positively impacting people, small businesses are going to get hit to the tune of 2.5 billion dollars. That's what they told us October of last year. SourceCanada.com. This is the environment climate change website. Check that out. Then we have now, like you mentioned,

the consumer tax rebate or car price is gonna be gone. And they asked directly, why? Why Mr. Carney, why is this being canceled? He said, the government is quote focused on action, end quote, focused on that. What action is gonna be now enacted that hasn't been if it's if climate is a huge thing and we have to pay for using carbon what to this date like I'm not trying to defend it I'm trying to say that's what's being done either it was wrong we have to cancel it or it's right

with the continue it but I'm doing the action of cutting it it's saying it's wrong furthermore you could even go, Canada apparently has reduced its carbon emissions in 17 years from 2005 to 2020, sorry, 2022, 54 megatons were reduced by Canada in that 17 year period of time. And some of it is being attributed to the carbon tax. Now, if the carbon tax is gone,

obviously then there's gonna be more carbon. It's so carbon bad, I don't know. You tell me this and that that information I got, it was modified as of 2025 January, just this year, two months ago, not ancient history. This is so there's a price that they still want to put for big industry in big industries to at least if they're going to do anything with carbon. So I don't know this whole thing politically. I think it's a brilliant move that Chuck Pierre polio about the knees because this whole act of least if they're going to do anything with carbon. So I don't know. This whole thing politically, I think it's a brilliant move to chuck Pierre Poliev at the knees because his whole acts of tax thing, he could still say it, but the reality is at least for the consumers, it's going to be gone.

We'll still pay in the end somehow if they're going to be taxing big industries. Nobody's going to be eating this. So laughable that anyone thinks you're not going to pay for this in the long term. It's so laughable. I'll say the same thing I said on Tom's show that I'm so sick of being told that I have to eat my shorts basically to continue to be Canadian. I have to be tougher and take a wartime footing. I just think like, when I hear things like you have to pay the carbon tax or you have to buy Canadian, I might have

said this last week, I'm not going to say it again anyway. When you hear stuff like this and I tweeted it as well, when you tell me I have to buy Canadian, what are you really saying? When you tell me I have to support Canada, what are you really saying? Did I have to buy from companies who five years ago wouldn't let me or my friends and family in unless we got these vaccines, which didn't work the way they were advertised, so you know we were lied to about it? That's a fact. You can disagree with it if you want. It makes you stupid to think that. Is that the company I got to buy from? Is it the grocer who three years ago, two years ago, last year, I'm being told now I have to buy from? Is it the grocer who three years ago, two years ago, last year, I'm being told now I have to buy from these Canadian stores. You told me a year ago,

they were price judging me, that they were fucking me and lying about it and causing inflation, that it was them and not you. Is that the grocer I'm supposed to buy from? Am I supposed to go there and buy products that are manufactured in Canada, not by old stock Canadians, but by cheap Indian labor that came here on TFW, nonsense over the last two years, that won't hire kids from my area or your area or anyone's area. That's the company I gotta buy from.

That's the quote unquote Canadian product I gotta buy. And it's all to support a country whose identity I was told is colonial, racist, xenophobic, not worth protecting. We're not a state, we're post-national. We don't have an identity. If you think that, you're not the kind of Canadian we want. In fact, new Canadians are more Canadian than me

because they chose to be here and I just got here by luck of the draw. Is that the country I'm supposed to be protecting? Or maybe it's the country that now can't afford to give me proper healthcare, makes me wait in line for weeks at a time, has, what does Mike Campbell say, 20,000, 30,000 people dying on waiting lists every year, even after paying into the healthcare system their whole life. That's the country you want me to

support and defend. Get fucked. I'm not doing it. I'm not doing it. And they have to start figuring out that this nationalistic stripe is flimsy. By they, I'm talking about average Canadians, boomers especially, need to get their head out of their ass and start realizing that they're handing us down a country that's irreparable if they continue voting for this nonsense and believing the shit they see on TV. And that's unforgivable. The country, this is the last generation that's gonna be able to fix even in the slightest any of these problems.

And if we don't do it now with this election, if we give Carney and these guys four years or more, you can kiss this country goodbye. Goodbye. It ain't never coming back. You're going to be a Century Initiative freak show so that Eurasia Group and Brookfield and everyone else can come here, rape, pillage, steal and rent to you as opposed to you owning anything and being able to build a life. Good luck if they win this national election. Good fucking luck.

What is the first thing Mark Carney did? I mean, one of the first major thing he did when he became prime minister, aside from the carbon tax thing. He hopped on a plane and went to Europe. Yeah. Right. Like that's... When he went to St. Patrick's Day parade, very important stuff. Very important stuff. I'm going to not even acknowledge the St. Patrick's Day thing. The Europe thing, I want to acknowledge. Climate change is a threat to humanity, if it truly is, you have to walk the walk, not just talk the talk, you have to walk. If somebody out there says climate change is horrendous and they change their life in a way which reduces the amount of carbon they emit, and they change their life and they are doing things differently. I

Respect that individual. I may not totally agree with what they're saying But at least they are doing something for what they believe in now when somebody hops in a plane Fuck how much carbon does this guy put in the atmosphere? It's not like there's a bunch of people going there on vacation It's him few of his staff members security and shit like that. That's it. Yep. That's it. Like that's one of the first things you've done. Like if carbon really was a fucking problem, you wouldn't do this thing. It's just not true. It's just not true. You would, you would lead by example.

You would say, you know what? Enough is enough. I'll do this by fucking zoom. I know that's not industry standard, but we're going to make this industry standard. Now we're going to make a stand. Now we're not going to do this fucking bullshit. And you're going to lead by example until somebody does that. Amen. I can't, I can't like, why am I the culprit? All I do is I wake up, hop in car, go to work, come back home. Why am I the fuck? This is the environment which you set up. Public Transit isn't viable for me. So I have to drive my car. I don't take vacations. I haven't

been on a fucking plane in 10 years. Why am I the fucking problem? I'm not I'm fucking part of the solution. I'm paying into this to make it easier for people for everybody to fucking live. I'm not fucking doing this bullshit. But somebody that comes in, not even fucking voted by the majority of people. And the first thing you hop on a plane, it's fucking bullshit. You got to call fucking this out and I'm going to do it right now. Fucking stop it, man. You got to fucking do better. I honestly believe that anyone with a platform and a voice should be doing everything they can

to make sure this party does not win a national election. Everyone should be doing this. I rarely ever say that. I rarely ever get this political and this angry, but the stakes, they are so high, man. They are so high. You have to stop these policies from destroying the country further. You have no choice but to be a voice in your community, in your friend group, with your family. No, no, no, no. I totally no. And I'm speaking, you got to do this a step further, Joey. And this is the one,

and I'm living this one. You got to prep. You got to prep for it. Prepare too. You have to prepare like they're going to win. I think so too. Yeah. And I'm fine with that. And I'm kind of in a way I want them to win, but like I'm fine with that. And I'm kind of in a way I want them to win. But I like prep for the great exodus. Whatever, whenever that's supposed to be for you, just prep for that is that's what you got to that's the salvation for you. You have your Bitcoin and you have whatever else you have and then just fucking do it. Like whatever happens behind you, let it burn man. It's not, it's not your fucking problem. Agreed. I know what I'm going to do. I'm going to fucking enjoy it. You guys should do the same. Take action, figure it out, and do it. Yeah, totally.

Well, we'll talk about these aluminum tariffs and steel tariffs, 50%. What are we going to talk about? Like, you know, we're the The funny thing is Canada then did their own- All we do is get dunked on by American politicians, American media, American, like everything. They just dunk and dunk and dunk and dunk. Well, Canada's doing retaliatory terrorist. Like that, almost 30 billion retaliatory terrorists. 30 billion, ooh, is that a lot? Well, now I don't know if this is true or not, but from, I think it was LeBlanc, he was saying on one of the national TV spots. He was saying that United States, they need our aluminum.

And forgive me if I'm wrong, I'm just quoting what he's saying because they don't have the capacity over there to meet the demand. So they have to import aluminum and that's right, Canada is who they imported from primarily. So what this is going to and that's right, Canada is who they imported from primarily. So what this is going to do in the end, you're still going to have to get aluminum from somewhere. And if they're going to get it from Canada still, it's just going to be more costly for them. So this may be- I keep on hearing that every Canadian politician keeps on saying the US can't exist without X commodity from Canada. That's a lie.

It's a lie. It may be difficult for them, but it is a lie. Just to point one other thing out about the point you made earlier, this climate change stuff and Mark hopping on planes fresh off the liberal leadership stage. Len, if we can't sell our aluminum to the States and we have to sell it to Europe, how are we going to get it there? Any idea? Is it going to be in a battery operated electric vehicle? Any idea how we're going to get it there? It's time to invent the Star Trek transporter. Just the most heavily polluting vehicles the planet knows basically anything about military

is those ships, those cargo ships. Like you're going to pollute even more going that way. It's unbelievable. Like at every turn, there's contradictory information. And the fact of the matter is that we cannot compete with the United States in the tariffs. And by the way, for a guy who's tough talking America, has Trump even mentioned Carney's name in the last four days? No, that's a great point. I haven't heard of him. He's a fly. He's a fly. There's going to be an indulgment though.

It's going to be. And I can't wait to see a four foot five Carney against six foot four Trump, probably double his weight and just the handshake in the Oval Office. do you think Zelensky looks small in that chair? All these things, all these things, okay, were avoidable, all of them. If we had just embraced the natural resources that this country has to offer and use them to become economically viable with trading partners near and far. Instead we refused. Pierre pointing out today at his press conference that instead of selling oil and gas or liquefied natural gas to the States, the States now has to deal with Qatar. Qatar. You know, did they have to deal with Qatar? I don't know, probably not. We just

refused to, we just refused to do the right things for so long and now you have a guy who's even more determined to do the wrong things and seems to have popular opinion behind them. There's so little hope for this country if they win. I cannot stress that enough. Even lose, Joey. Even if they lose. No, you're right.

You're right. But if they win, the decline will be so fast. So fast. You will feel it in your pocketbook six months after they win that election. You see it. Companies will no longer come here. You'll start to hear more whispers of forcing retirement and pension funds to invest in Canada. Carney, by the way, has already said that he thinks pension funds should have to be net zero. And as you know, the Canadian government is not gonna fuck around with the Canadian pension. They're gonna tell these guys, CPIP,

you have to be 50% or 60% or 80% or 100% in Canadian carbon neutral companies. That's no oil and gas. Like all these things, the runoff effects of these poor decisions is almost, it's hard to fathom that just the enormity of the world around these things. It's your pension, your healthcare, schooling, roads. It's everything relies on these things, on these guys getting this right.

And then they're just not not gonna get it right. Now Pierre, I've said this before, I don't think he's a good politician. I've been critical of him for years now. He's TikTok, he's millennial. His party knows he's got limitations in front of a microphone, knows he's got limitations on a debate stage.

That's why they had him add 20 pounds of muscle. That's why they got him on that workout regimen, because at least he can look imposing if he can't sound it, and he can't sound it. So, at least if he wins, you probably won't see Alberta Oil and Gas immediately close up shop. That's a plus. But to your point, Len, long-term, what does Lin Alden say? Nothing stops this train. I think that train is starting to pick up speed here. Even normies are realizing it. Maybe his wife could get involved. By the way, can we invest in Eurasia? Is that a publicly traded company? It's not. It's too bad. I'd love to get into that because they see Canada is also,

it's kind of a different topic, but kind of the same thing. Canada is planning to issue the US global bonds in the not too distant future. And a lot of people on Twitter were saying, what the fuck is this all about? But this is not the first time they've done this. Like in the past five years, six years. It's currency defense. It's currency defense. Like that's not good to be defending your currency before. I mean, maybe it's before there's a crisis. Maybe there's a crisis that I don't know about or we can't see, but it's never been doing this for you, a few times in the past few years. And before that, maybe, I don't know how many I just saw. I just randomly pulled up two dates and found it in 2020, 40 last year and they did in 2019

too. So whatever. I mean, I don't think this is a huge thing more than anything. Like it's just par for the course, right? It's another signpost. It's a signpost. It's a signpost. Yeah. Well, one more signpost we could talk about

and then it won't be people driving EVs or at least Teslas in VC because VC is now going to war with Elon and they plan to remove the EV subsidies for the charging stations and whatnot on Tesla products. So David Eby, did I pronounce his name right? I think it's Eby. I think it's Eby. Okay, David Eby, I'm sorry for mispronouncing your name. He said he's going to be borrowing Tesla products from the province's electric rebate policy and he's going to be doing this to preference Canadian goods. And so Tesla products,

they're not going to be subjected to the British Columbia's Clean BC or BC Hydro rebates, which could grant up to 50% of the cost for people that install a charging station at home. This is according to the BC Hydro website. So they're going to be forcing people or at least incentivizing people to seek for alternatives, in this case, Canadian good alternatives. Whatever. Yeah. What am I even going to say? I don't know. I'm tapped out. How much more can I say? I'm at the point now where, yeah, you got me thinking, it doesn't matter what I fucking say anymore. It doesn't matter how big the show gets, how many people we talk to. I just got to

plan my escape. At this point, what else is left? Yeah. I haven't seen this for a while. Everybody should be doing this because when the time comes, you want to make sure that you have everything in order and you have to do as minimal work. Hey, hey, and by the way, any word from any of these clowns or Carney, clowns and Carney, unbelievable. Any word from any of these clowns on the Chinese 100% tariff on like rapeseed oil and stuff like that that came down last week? Has anyone mentioned that? Does the CBC talk about that at all?

Is there a new tax or tough talk coming for President Xi or are we just so cocked that we can't even bring it up? We can't even talk about it in the media. Another thing, what about the dairy industry? There has been... Oh God, don't get me started. I talked about that on Tom's show last week. You'll hear me talk about that tomorrow when it comes out.

300% after a certain threshold, Tom had a great story, went to the States, tried to buy more than $20 worth of butter, ended up costing him $400, had to go back and return the butter over the border. Unbelievable. It's unbelievable. So why is this? Why is that acceptable? Because we are full of shit, uncompetitive losers in this country. That's why.

What other explanation is there? We're addicted to fucking losing. It's everywhere. It's your cell phone bill, the price of eggs, the price of energy, the politicians, it's everywhere. We drive every company worth a damn gets driven out. Everyone. You should take a look,

because I watch international TV, and I don't know which one, but the cell phone plans and home internet. Everyone has seen this. Do you want to get mad? Look at the fucking telco plans in the States compared to here or Europe. My wife and I went to Europe a few years ago. It cost me like $8 to go there and get a SIM card with unlimited calls, tax and data for

two fucking weeks, eight bucks or eight euros, whatever. So 15 bucks, let's say. No, I think 12 or 11, whatever. Like it's unbelievable that here, if you go to like the Canadian telco reddits, people are like jerking each other off over getting 10 gigs for 60 bucks a month, 60 fucking dollars for 10 gigs. It's in some parts of Europe. It's so fucking cheap. So like you look at,

yeah, that's just an example of how much you're paying. You're paying for gasoline over there. If you're paying for petrol in Europe, it's expensive. But your house is fucking dark and cold, but at least you can call your friends and complain about it. And until the government tells you it's hate speech and the rest of you in the UK, a lot of it is, you know, the lifestyle is, you know, you don't a lot less driving and a lot more, you know, friends, your family that are nearby. Less driving, more starving. No, that's not what you have for lunch today. Cigarette and a glass of wine. What am I saying? Same thing I had for dinner. Joy, I think that's a good time to edit one 30. See, I told you we do a long second part of it. For whatever reason, this is a slow week in Bitcoin. When that guy,

Joshi Bitcoin was like the big story, that's an indication that it's been a slow... We've had a lot of weeks of just so much going on. We finally had a little bit of a breather, but only on the Bitcoin side, on the other side. I'm not going to read that comment, but people... I'd love to know what they speak. I would love to know the... Anyway, listen, God bless. Come back on Wednesday for Len's interview with Mike DeGroote. You're going to like that one.

Lots going on in the P2P space here in Canada from Good Canadian. And until next time, friends, take care of yourselves. Don't be a cuck.